The cryptocurrency Omicron is rising in value due to the coincidence of the name with the new breed | America

Cryptocurrency omicron registered a price increase of more than 950% in the past two days after increased media focus on the new variant of COVID-19 that appeared in South Africa and was invoked in the same way.

This morning, the price of the cryptocurrency reached $689.12, compared to 65.11 “green bonds” that were traded overnight between Friday and Saturday. This represents a 958% increase in less than three days.

Over the course of Monday, the price set by the digital currency fell slightly to around $605. However, it is still up 65.3% compared to Sunday.

With the recent increase, the valuation of the total units of this cryptocurrency in circulation has risen to $628.2 million, according to the CoinGecko portal.

According to the cryptocurrency documentation, it is a form of Olympus cryptocurrency and operates on the Arbitrum network, which in turn uses the Ethereum network as its basis. The development team is anonymous.

The moves occur at a time when more than 30 countries around the world have announced measures to significantly restrict the access of international tourists to their territories due to the spread of the new omicron variant.

The World Health Organization (WHO) has warned that the omicron variant of the COVID-19 virus has a “high” global spread risk, so it has asked countries to be prepared for its potential consequences.